Asia’s Next Energy Hub May Rise in Malaysia

Global energy market assumptions are breaking down. Until the Iran War, global oil and gas markets were built on a dangerous illusion: that the Strait of Hormuz would always remain open, predictable, and commercially dependable. Asia’s entire energy security architecture, from LNG flows to crude imports and refined product trading, was designed around that assumption. Today, that assumption is collapsing in real time. The combined pressure of Iranian threats in the Strait of Hormuz, persistent insecurity in the Red Sea, fragmentation within…